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Gold ends losing streak, set for monthly rise
Gold is approaching the end of its monthly trading session on an upward note, recording its first monthly gain in five months after its price slightly retreated to $4,096.29 per ounce in spot trading. This comes despite ongoing volatility as the market awaits US economic data that could influence the central bank's decisions regarding interest rates. The market is experiencing cautious optimism, with other precious metals remaining volatile; silver steadied at $58.98, while commodities like platinum and palladium declined by 1.3% and 0.2%, respectively. Expectations that interest rates will remain stable or be lowered could enhance gold's appeal as a safe haven against inflation.
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